Steadfast Direct – Landlords Insurance
Quotesonline can now offer Steadfast Direct Landlords Insurance quotes, the product offer exclusively to Steadfast Brokers through Berkshire Hathaway Insurance Australia (BHIA)
There are two Landlords products available:
Steadfast Accidental Damage Landlords Policy
Steadfast Listed Events Landlords Policy
About Berkshire Hathaway Insurance Australia
Berkshire Hathaway Insurance Australia (BHIA) was established during 2015. It was originally a division of the Berkshire Hathaway Group of Insurance companies set up to provide intermediated personal lines insurance products to the Australian market.
During June 2015 the BHIA business was transferred to Insurance Australia Group (IAG) as part of one of the largest reinsurance transactions in financial services history. As a result, their products are now ultimately underwritten by Insurance Australia Limited (ABN 11 000 016 722) a related company of IAG.
BHIA is autonomous within IAG and operates as part of the ‘Challenger’ division, which supports innovative insurance business models. IAG has a large and stable balance sheet that enables BHIA to provide consistent capacity and innovative, tailored solutions, and provides our customers and brokers with the utmost confidence in our ability to pay claims.
Steadfast Landlords Insurance FAQ’s
1. What is the minimum/maximum rental period for short term rentals?
Short term rentals are periods of less than three months in length as defined in the PDS, with no minimum period.
2. Will BHIA insure Air BnB, Stayz or similar properties?
Yes BHIA is open to insuring properties advertised/booked via Airbnb, Stayz or other similar websites
3. If the client rents out part of the home they occupy, will BHIA insure such properties?
Yes there is an option for “Owner occupied and rented to tenants (short term basis)” where you ordinarily live in your home but rent some or all of your home out for short term periods (less than 3 months) for a total of 6 weeks or more across the year. If rented out for less than 6 weeks across the year please quote on the Home Policy.
If the client lives in their home and rents out part of the home on a long term basis, this can be quoted on our Home Insurance Policy.
4. What is the maximum weekly sum insured rental limit?
BHIA will cover any loss of rent equal to the weekly amount as stated on your rental agreement or periodic tenancy agreement, for up to the number of months shown in the relevant PDS (Accidental Damage 24 months or Listed Events 12 months).
For Accidental Damage this is to a maximum of your annual rental income and the amount we will pay will not be greater than double the amount of the sum insured.
For Listed Events this is to a maximum of your annual rental income and the amount we will pay will not be greater than the sum insured shown on your schedule.
5. Will BHIA insure Bed and Breakfast properties under the Landlords product?
Bed and Breakfast occupations are outside our BHIA appetite
Click here for a Landlords Insurance Quote
Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service
The post Steadfast Direct – Landlords Insurance appeared first on Quotesonline.